Are You Eligible for Down Payment Assistance?



There are many great Albuquerque area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (877) 933-6881 for a FREE home buying or selling consultation to answer any of your real estate questions.


Most people think down payment and closing cost assistance is for lower income individuals. The truth is if you earn a moderate income, you may still be eligible for these benefits here in Albuquerque. There are a lot of different assistance packages available to those looking to buy a home:
  • Payment$aver: If you qualify, you get a 'soft second' loan that has no interest rate and doesn't require monthly payments.
  • Hero Program: Low- to moderate-income home buyers that are employed in specific occupations - such as teachers, safety workers, healthcare workers, and active armed forces members - can obtain 3% down payment assistance.
  • Mortgage$aver:  Allows first-time home buyers to secure affordable mortgage loans.
  • Helping Hands: Aids individuals with disabilities.
  • Rio Rancho: Community development block grant allows down payment and closing cost assistance in Rio Rancho - up to 50% down payment and closing costs may be covered up to $5000.
  • Greater Albuquerque Housing Partnership: Currently, four neighborhoods in the Albuquerque area are eligible for assistance.
To get more details about the many programs available and whether you qualify, visit DownPaymentNM.com. For another great resource on assistance programs, don't hesitate to give us a call or shoot us an email. We work with some great lenders that can give you the helping hand you deserve!